Bitcoin Forum

This is the chart of Bitcoin's Avg. Transaction fee: https://bitinfocharts.com/comparison/bitcoin-transactionfees.html

Right now the median fee is about $2. After lots of halvings the reward won't be enough to satisfy the miners. I guess that after a decade, bitcoin will be more widespread, as a result, more transactions will occur every second. Won't this increase the median fee? If it does, bitcoin will start being a not-so medium of exchange. Imagine paying $5 for a transaction. Even paypal doesn't charge that much.

I guess it'll end with an equilibrium, some miners will probably drop off leaving more blocks for the ones that stick around, some people will stop using bitcoin due to the fees that are to high for their taste.

That being said: don't underestimate the merchant's fees for paypal, credit cards, wire transfers,... I've setup a webshop for somebody i know from the forum, and i was unpleasantly supprised by the fees these companies charge the merchant. And in the end, the merchant passes on these costs to their customer. So even if it looks like paying by paypal or bankcontact is free, in reality the products you buy are more expensive because the merchant accepts paypal/cc/bcc/cheques/...

In contrast, in the bitcoin ecosphere, the buyer pays the fee... But in theory the merchant could make his products cheaper if you pay using bitcoin. The shop i setup gives 5% discount for bitcoin payments because of this.

It will not be too high.

There is max cap of block size and transactions have to wait to get confirmation base on 2 main factors:

• Fee rate
• Total fee will be paid for miners in that transaction. 2 transactions with same fee rate but the one has bigger size will bring more income for miners

There are always chance to see fee rate falls to low range, when mempool is clear. I won't last forever but it happens sparsely. One of most common cheap days are in weekends. (https://bitcointalk.org/index.php?topic=5250569.0)

There will be more evolutions technically and Lightning Network (and others) might help.

I dunno
1. Older users are used to adapting their fees to paying a lower rate and can consolidate their btc..
2. New users would just get used to it imo if they're not too high, $2 fee on $500 is a bit like PayPal fees.

I think a decade or so from now, second layer payment protocols like the LN that we currently have will probably be more polished and utilized so I guess it would leave on-chain transactions mainly to those that involve large amounts. Day-to-day transactions involving small amounts which could clog the main network will be mainly done through off-chain networks.

It depends on Bitcoin usage in the future. If I accept Bitcoin in payment for a £10,000 domain name, then $5 id negligible, If I want to pay for a cup of coffee, then it is too much, especially as I pay nothing with a credit card. That leads to the possibility that the recipient pays the miners fee. The miner just takes it out of the £10.000. Then there is the possibility of lumping a bunch of transactions into one submission, that should reduce the fees.

Another probability is that banks start to run their own mining farms, and then they could provide no fee transactions as long as the payments aren't urgent.

I expect the transaction fees become rather big.
But most probably the future will bring a big variety of off-chain transaction types and only bigger amounts will be moved on-chain, of which most will not have very big priority, hence more reasonable fees (especially considering the amounts transferred).
I hope I'm wrong, because if this will happen then we may have a bit too many types of KYC-tied custodian wallets too...

Those who remember 2017 know that at one point the fee was even higher than $50, but it was an exceptional moment in BTC history. The problem, of course, is always when it comes to microtransactions, because it really doesn't make sense to send $5 and pay the same fee - but apart from the savings we can claim using SegWit, the future will surely bring a wide application of LN that will be simplified to the level that everyone can use it.

However, there will always be people who will be willing to pay more just to bypass the banks and to remain anonymous as much as possible, and for them the price of the fee will never be questionable.

I think it depends on what the future holds. How big would be price of Bitcoin be? How many more users will have regular Bitcoin transactions? Will there be a solution of the scalability issues that would get widely popular for small transactions? If the price and popularity of Bitcoin (as well as the level of its adoption as money) remain the same, there's no reason for the fees to skyrocket. In the times of distress from a rapid change of price, however, the fees can get crazy, and I very well remember the $20 fees in 2017. If Bitcoin gets more widely used and accepted, but, say, zero confirmation transactions become widely accepted, the fees can keep being alright. An alternative is something like LN becoming popular. I think there's a good chance the fees will be growing, but I hope that the solutions will come and make the fees bearable.

I won't really worry about the current transaction price being high right now because I am highly confident with the scalability that Bitcoin has done. We have LN as well as SegWit in which resulted to the decrease of transaction fees that happened back in 2017 and ever since then we haven't hone near those transaction prices again. With regards to miners or them shutting down resulting to increase the price I don't think that this will happen as well. Remember that the difficulty for mining Bitcoin is also adjusted when drops of hash rate occurs so really there is a balance happening everytime.

Bitcoin transaction fees will become significantly higher once the last Bitcoin is mined in 2140 as no more block reward are available to miners. I guess we will see more off chain Bitcoin transaction in the foreseeable future that help to decrease the fees (e.g. Lightning Network).

In terms of fiat value it maybe lot higher than the current median value due to increase in the bitcoin price per unit.But with the help of LN the number of unconfirmed transactions can be under control and there is no hidden fees here which is unlikely with the traditional banking or other payment processing companies.If there is a time when everyone using cryptos for everything then they will categorize the cryptos depends on the payment needs, if it for cheap transaction like for buying a coffee or something they can use LN or other altcoins.

I wouldn't say that it will be 'too high' but for sure there will be an increase. If the value of 1 bitcoin keeps on getting on par with the mining rewards, there would reach an equilibrium in the price of the fees per tx. But of course the fees will still be pre-determined by the current existing factors on those days, and the key things that will move the price of tx is the price of bitcoin and the amount of mining reward per block is generated. It's no rocket science, though it's something that is still difficult to predict right now honestly.

The fee wouldn't much higher, because it would discourage bitcoin users to use bitcoin. There should be some solution either like LN or reduce miners. All the rewards now spreading around all the miners. So when miners will leave mining slowly then reward will increase slowly as well. So it wouldn't necessary to increase transaction fees which would drive a negative impact on the whole bitcoin community.

On the contrary, I hope that the fees will be lower over time.

There are a ton of factors that has to be considered for this scenario. Assuming everything remains constant, then the fees would increase.

However, that is not the case. Electrical fees would decrease overtime with sustainable energy, ASICs will become more efficient, transaction capacity would increase allowing for more TX/block, difficulty could drop, etc. The transaction fees market works as with any other free market and adjusts itself into an equilibrium in tandem with the difficulty. It's pretty well thought of, if you'd ask me.

so scalability will always be a problem for the og bitcoin?
Satoshi's Bitcoin Whitepaper Title -> Bitcoin: A Peer-to-Peer Electronic Cash System - Bitcoin.org
But, I believe that most of the people used bitcoin as an asset, not as an electronic cash system.
That's why Bitcoin Lightning Network was created I think. CMIIW.
Have you ever tried to use the lightning network. I send 1000 satoshi, and the fee is only 3-6 sats.

I think it is already high BUT only if you're doing smaller transactions.

I recently received a transaction of 100 USD and the fee for that was about 3 USD, which is not high because the transaction came from outside of the country. The payment processors would have charged much more than that because they even add 3% conversion fee on top of transaction fee.

But if I were to spend that money in smaller denomination for say I needed to recharge my phone using Bitrefill for 5 USD, the fee for it comes to about 1.5  USD if I want the transaction to be confirmed in next 5 blocks. If I use less fee than that the transaction get stuck for a long time. Which also happened to me recently.

I think it will be depend on the value of bitcoin in the future. If bitcoin increase too high then I think the transaction fee will also increase. But if ever the miners will mined all the bitcoins i think there will be a changes in transaction fee, maybe it will getting lower even the value of bitcoin increase.

I think that they won't be higher. The lightning network will lower them and in a few years if it's not enough people will think of something better.

Bitcoin is a code that can be change and made better. Maybe one day it will be worth so much that we'll have centralized payment systems built on it that will use real bitcoins as collateral.

Another thing is the cost of a transaction. 10 years from now it could be 50 USD but that 50 won't even be worth 5 of todays Dollars.

With the regular update on the network, transaction fee should decrease. We experience things in the opposite way, better the development higher is the fees. More the transaction getting stuck on the network, higher is the transaction fees.

When the usage keeps counting, automatically more number of transactions takes place. In particular when same fee is being paid by lot of transaction, there is more chance of transaction getting stuck on the network. Probably we can expect rise in the transaction fee in the future.

Through the transaction fee path chart, we note that it is not stable, there is a kind of fluctuation due to the movement of the bitcoin price, so future transaction fees will be unstable, except in one case, if the bitcoin price stabilizes at a certain level.
But there is a high probability that an agreement will be reached between the miners in determining future transaction fees for the survival of the network and its expansion on a large scale.
In practice, if the transaction fee continues to rise, this will lead to a collapse of the network, so that it will not experience a significant expansion!! This is my opinion, I do not know if I am wrong?

Personally, I can't see this happening soon. Bitcoin will have some years development on it network before talk about it high fees or stable fees, though there has been remarkable progress with Lightning Network. As a noobs, couldn't it be that demand will spur higher the fees as we have seen in 2017 and August, 2020?. Am very skeptical about the future of Bitcoin fees if it price hit $100k. Though there are individuals who will pay the fees just to stay anonymous.

It is a far away thing to discuss, but yeah, imagine what will happen in 2140. No new bitcoins, miners will try to make a living from fees. If the value of bitcoin increases, then the fees will be even more expensive. Bitcoin will either get destroyed or fully globalised. Satoshi was right. I see the first thing coming, though.

Maybe a small percentage is always a fee in every transactions. We could already notice the transaction fee increasing and deccresing a lot of times in the network. Traffic in the network etc. seems to be a problem. But still I think it is always a small percentage in every transactions otherwise no one is going to transact anymore if transaction fees is going to get half of the funds sent in the network. But some improvements maybe could be made in the future but we just don't know yet what could happened.

Considering the aim for the future is to provide faster and cheaper transactions, I don't think the fees will be too high. Otherwise, people won't be satisfied with this. For example; people already are not happy with the high fees on transactions with Ethereum. 

The aim is to keep it alive and keep it decentralised. That may mean fees that burn your asshole into embers. There's no way they're going to go down unless a viable second layer arrives. Are lightning networks the one? No way of telling yet.

People doing piddling transactions will need to be prepared to wait and hope for the best rather than have a guaranteed tx in a few hours. There are still low fee periods and may always will be.

No one can predict with certainty that in the future Bitcoin transactions will be more expensive or not. But if you look at the Bitcoin supply
that continues to approach the maximum supply because it continues to be mined, should logically make Bitcoin transactions even more
expensive, but I am sure there will be a solution regarding the problem of Bitcoin transaction fees if it continues to rise. For now, Segwit
and LN are solutions to reduce Bitcoin transaction costs, although they cannot be used optimally. And my prediction is very unlikely if Bitcoin
transactions can reach $ 5.

It is safe to assume that Bitcoin fees will continue to rise in the future, and if we go further in  future  then fees should be main source of revenue for miners,
but I am sure some second layer solution will show up and be more popular then currently Lightning Network is.
Solution needs to be simple for everyone to use and fees need to be low and cheap if we want to use it everyday.

I still remember the time in 2017 where one Bitcoin transaction costs at around $50 of transaction fees. That is one of the highest one in history of Bitcoin and its price at that time is at its ATH which is near $20,000

Now Bitcoin is at the $10,000 price and its fees are sitting near the $3. I'd say that there is an improvement when it comes to the fees but I don't think that fees will be high too in the future as more and more people will be using LN. Its just that the adoption of it is very slow as of this moment. Still though, we don't see what can happen in the future because some of us are always surprised when the market did something we didn't expect to happen :D.

Bitcoin's transaction costs can increase or decrease depending on the popularity of bitcoin in the DEV team's payment system and technology updates.
If in the future people use bitcoins more, the transaction cost of each bitcoin will certainly increase more.
The technology of bitcoin in the future is a sensitive issue, the lightning network has done a great job in reducing the cost per bitcoin transaction, but if there are more transactions bitcoin still cannot solve the problem.
We can wrap bitcoins and can freely transact bitcoin in all blockchain networks. That's how DEX exchanges do it to trade bitcoin with other altcoins on any blockchain platform.

That's an interesting topic. I did some calculations. Now miners receive 6.25BTC * 144 = 900BTC a day only from the bitcoin network as a reward. Then I calculated the average transaction fee per day for the last year - 47BTC.
So, every day miners get 900BTC from the network and 47BTC from the network users. These are operational expenses, 947BTC per day keeps bitcoin secure.
47BTC that the users pay is less than 5% of the total miners income.
The network reward is going to halve every 4 years, the fee is not going to replace the declining reward. Miners will get less money, the network will be less and less secure halving after halving.
The only way to keep bitcoin network secure is to increase its throughput, 400'000 transactions a day will be not enough in the future.

Too high for what? If someone is willing to pay for it, then it's not too high. Bitcoin fees are essentially an auction for the space in the next block, so it's like saying that when someone buys a painting for millions of dollars, the price is too high because average people couldn't buy it. Even if we imagine that Lightning Network wouldn't exist, Bitcoin transactions are still going to be used by people, so the fee is never too high.

Honestly, it's actually a matter of thought. The use of Bitcoin is increasing day by day in the current online world. There is no doubt that it will increase further in the future. Then maybe Bitcoin's transaction fees will increase. In fact, if this happens then there are many people who will give up the use of Bitcoin for fear of transaction fees. This will actually become a threat to Bitcoin.

the bitcoin fees will spike from time to time and there will be times when they go up and stay up (like 2017) for a longer period, but i don't think they will ever remain "too high" for extended periods of time. because people will simply give up using bitcoin if transaction fees were for example at $100+ forever. bitcoin will simply lose its main purpose (a payment system), and if that happens users leave and both price and usage come down decreasing the fees.
after all the 4+ years of scaling debate was all about this issue.

While the reward is slowly going down for the miners every halving the price of bitcoin in terms of fiat is still going up. As long as bitcoin's price continues to rise it should be in an okay spot we've seen the hashrate go down a few times before and just like the price of bitcoin it's only a matter of time until it goes back up again. Also even if there's more than 400k transactions the miners can't handle it all in one day though.

Don't worry about the fee in future if it will go huge because for sure the value of Bitcoin that time is more than enough to cover the fees.

And i believe that people nowadays are use to it because the Fee goes Up whenever there is a Big Uptrend in Price so in time when future comes,
the idea is already adopted of users.

And for sure that altcoin will follow as well because just recently the ethereum Platform increase it gasses in withdrawals as we
 can read in many threads created recently.

If at some point a cryptocurrency became popular, people would often choose coins with low transaction fees to transfer money. That coin is usually new with better technology, bitcoin will remain the king of cryptocurrencies but won't be used for much.

I don't think so that exchanges got some connection with transaction fees, unless you are using some exchanges as your Bitcoin wallet and using it to transfer/received Bitcoins. But some exchanges are basing on the current transaction fee or depends on how traffict the network is, some exchanges also using fixed transaction fees or they are using batch transaction for withdrawals so they will save a lot of Bitcoins.

So, if BTC goes to 100k, you will consider normal to pay 500$ dollar for a transaction, more than a bank, more than WU more than paypal, and all hat just to send 5$? Gold has also gone up, do you think it would be normal for a delivery company to charge you double because a piece of jewelry is twice as expensive?  ;D


The total supply has nothing to do with the fees.
We've mined millions of coin since 2017 and yet the fees are lower than that.


Not a pretty picture, isn't it?

How? Would you mind explaining?

The more and more people adopts bitcoin and starts using it for whatever reasons, the fee will only go up. Whenever we see a lot of transactions passing through the network we have seen a trend of increasing fees. It usually happens during a sharp rise or fall of bitcoin price. Lot of charts are available in the internet so go ahead and check a few of them.

If we don't move to LN, bitcoin fees will only go up with more adoption.

Based on all these replies I read, from newbies to Legendaries, I realised that this is something that no one thought of on bitcoin. At least, no one has a solution. Right now we can may payments really cheap, I had made a payment using only 300 satoshis. It took 5 days, but it did. The median is about $2. I've noticed that by paying 1 sat/byte (which is much lower than $2) can take about 1 day to get confirmed. So even if the median reaches $10, we can still make transactions really cheap.

Now, I don't know much about that lightning network, but I'm sure that not every bitcoin adopter will switch on using that.

The conclusion is that the $100k seem to be a dream that won't come true...

While it is not possible to predict with certainty whether future bitcoin transactions will be more expensive, I think it will depend on the quality of bitcoin in the future. As Bitcoin continues to be mined, its supply has come to a standstill. If people use bitcoin more in the future, the cost of each bitcoin transaction will definitely increase.

I don't think anything is going to happen with Bitcoin. There doesn't seem to be much to think about right now. Time will tell what is going to happen in the future. In the near future, modern steps must be taken to keep Bitcoin afloat and to reduce its use. In the near future, modern measures will have to be taken to increase the use of Bitcoin. This will reduce the transaction fees of Bitcoin and more people will be inclined towards Bitcoin.

Nah I don’t think so, when the times comes there will always be other means to make things easy for people. Just like the lightening network, maybe by then lightening network will be working perfectly and people will be able to make use of it to carry out their transactions easily. And another thing you have to know is that the fees for transactions will only increase when there are too many transactions on the network and it’s congested, that’s when the fees you will have to pay for transaction will be high.There is always a means to work on it when the time comes.

With high network congestion (many people using Bitcoin) you'll expect high fees on the Blockchain. It's something inevitable due to Bitcoin's limited transaction capacity. A quick solution to this would be increasing the block size. But even that would undermine Bitcoin's level of decentralization. That's why developers have taken the approach of scaling Bitcoin in an "off-chain" manner. The Lightning Network aims to bring instant payments at a fraction of the cost. It's hoped that people use this solution in the future as fees become higher on the Blockchain. Only those willing to send money across borders in the safest way possible will perform transactions on the main Bitcoin blockchain. The rest will be using the LN for daily payments.

Despite Bitcoin's high fees, there's always the choice of sending Bitcoins with the lowest fee possible. It's much cheaper this way, but extremely slow to process. It could take hours or even a day for your Bitcoin transaction to go through. As long as Bitcoin remains decentralized, nothing else matters. When you pay a high fee, you're paying a premium to keep your transaction extremely secure against external manipulation. In other words, you get what you pay for (which is decentralization and censorship resistance). Cryptocurrencies that have extremely low fees are very insecure, making them an unreliable payment system. That's why it costs a lot to transact on the Bitcoin blockchain, as it's the most secure cryptocurrency in the world today. Since scaling Bitcoin is not necessary for it to work as intended (as decentralization is what really matters), people can use other cryptocurrencies if they feel that fees on the BTC blockchain are too high. It's a matter of a person's preferences over anything else. With the Lightning Network already in motion, it's expected that Bitcoin would reach the level of PayPal and VISA in the future. If that happens, Bitcoin would win the war against the traditional monetary system of today. Just my thoughts ;D

This is one of the things that I am afraid of about Bitcoin. There is a possibility to be that way in the future. I think the important thing to work on is providing as low as possible fees and as much as possible transaction speed. If the balance can be redressed, there will be not much problem for Bitcoin users.

The bitcoin network security straightly depends on the amount of money that miners receive. Hash rate does not fully reflect the security level, it might grow because of technology development. Moreover, if bitcoin market cap made 10x or 50x, would it be enough to just double or triple the hash rate (from security perspective)?

Can't or won't?

I don't think so, scalability will be not a problem for Bitcoin, because as you said. When it becomes more widespread then more people will want to get into the Crypto space and even mined it. Especially in this uncertain times when fiat is in a verge of collapse.
Governments such as US and france even started to look for alternatives, and recent rumors the US government bought mining riggs. What im saying, as long as there is demand in BTC. Transaction fees will not be a problem.

The increase or decrease in Bitcoin transaction fees is dependent on the demand for Bitcoin. If the demand starts to decrease, the fees will start increasing. If the other way around happens, the fees will start decreasing. So, demand is a very important factor on this.

High fees are a concern as it limits Bitcoin's adoption in the mainstream world. Luckily, there's already a solution that allows Bitcoin to process transactions instantly for less than a penny. The solution is called "The Lightning Network" and operates entirely off the Bitcoin blockchain. This will reduce the burden of the network, resulting in lesser fees for transactions performed on-chain. While the Lightning Network is still under heavy development, it seems to be doing its job pretty well. The real problem is making people adopt Bitcoin's "Layer-Two" solution for scalability. So far, the number of crypto companies and businesses adopting the LN are extremely low. If these entities started accepting LN payments, Bitcoin would've been relieved from high network congestion. It's up to wallet providers and exchanges to adopt the LN to make people experience the benefits of instant transactions at a fraction of the cost.

No matter if fees are high or low, Bitcoin will still survive for a long time. In case fees remain high for long periods of time, people can simply choose a lower fee at the cost of slower transaction processing times. The network will adjust if the number of people soliciting low transaction fees are higher than those who not. Even with Bitcoin's current situation, there are plenty of cryptocurrencies out there on the market with greater transaction capacity. People have a choice to either keep transacting on the main Bitcoin blockchain, use Bitcoin's "Layer-Two" scalability solution, or use Bitcoin Cash. Regardless of what happens in the future, Bitcoin's decentralization will ultimately matter above scalability. Just my thoughts ;D

I believe that Bitcoin high transaction fees would be one of the reasons why people would stay away in Bitcoin in the future,
If we could find or even create a good crypto that could compete against Bitcoin with a lower transaction I think people would start to embrace it and slowly forgets about Bitcoin.
Transaction fee is the reason why crypto is being left by small investors instead of gaining profit they would lose because of the high transaction fees.

The Bitcoin market is expanding day by day. A lot of new investor are joining on it. At the same time, the price of Bitcoin is rising. I don't think it will be a big problem if the transaction fee goes up a bit as the price of bitcoin goes up. We all know that LN being more polished and easier. So, we do not know what will happen after a decade.

If we limit ourselves to value the bitcoin price in dollars (or in any other fiat currency, it does not matter) fees will always be high.
Some of you don't know that when bitcoin started to become more popular fees were super high (if you think of their fiat value today) (https://www.blockchain.com/btc/tx/3157d3738f4ac481001cf6356d1e959f122c5935b3d616f23c3c1d8f482e2ad9). (picked one tx with BTC0.03 as an example)
This all fees drama is simply subjective. Perhaps, one day we will be storing our wealth in the most secure network available and there will be no need to move your wealth unless truly necessary.
Take gold for example: do you know what it takes to get some gold bars out of a physical vault?

Remember, when bitcoin price will go to the moon that's the sign that fiat currencies eventually lost their value against the most ingenious asset ever created by humankind.

Given that bitcoin has a finite total supply and can be thought of as deflationary currency, the value of each unit is going to naturally increase over time. In the future, even if fees stay the same as today, it will be more valuable for miners and probably can cover their expenses. In terms of dollar, fees will be significantly higher, mining will still be a profitable business, nothing is going to change. In terms of bitcoin, will fees be higher in the future? In my opinion, it is still hard to predict anything. If, in the future, bitcoin is used exclusively as a network for final settlements, fees will be higher but users won't notice any difference. They will be paying high fees to miners in order to proceed one transaction a month. Small transactions, those ones that don't need to be written down on immutable bitcoin blockchain, will be done on second or third layers. To put it simply, you don't have to pay high fees for every cap of coffee you drink every morning, just wait a month and pay for thirty portions at once.

coffee is always been the example use when it comes to btc fees talk . your saying that your gonna buy a stock of coffee ? or what  ?

because  i dont hear a coffee shop that accept monthly payments but why not ? if that help solve the issue on the btc fee's they should start creating a flexible payment option like this  . there was a time that btc fee really got high but that did not continue  . i expect same situation can happen in the future

You can save on bitcoin fees with Lightning Network Loyalty cards! They don't exist but since we are talking about the future, we can do a small thought experiment. Imagine you are obsessed with coffee and therefore decided to become a regular customer in a nearby coffee shop. They accept only bitcoin, because we are living under bitcoin standard, after all. You don't want to pay high network fees for every cap of coffee, you don't want others to know that you have an obsession with caffeine. You open a payment channel with coffee shop and start buying coffee with zero fees. No one knows about those transactions except you and cofee shop owner. You keep buying coffee every single day. Someday a coffee shop owner will tell you that he is eager to see his money on an immutable base layer. You conduct a transaction of final settlement. Once a month, once an year, once a decade.

Future Bitcoin transaction fees are higher for sure, but we have solutions to reduce Bitcoin's transaction costs.
Now that Bitcoin is wrapped on Ethereum's blockchain, in the future, there will be many blockchains implementing Bitcoin wrap.
That also means less circulating bitcoins, and so does the cost of transferring money on the bitcoin network.

What is that solution?fees will go higher and higher but that is because Bitcoin price will go up together with the fee,so nothing to be afraid for.
What does it mean "Bitcoin is Wrapped on Ethereum Blockchain"? but yeah there will be many blockchain because altcoins are continuously growing and
 being created nowadays,though legit can only be counted by our fingernails ..
Yeah Bitcoin will be less circulate because of higher value and also because it will be hoard by whales.
Altcoin will be circulated more often on that point.

You have it backward man, as I am typing this post, some developers are already giving us the best of lightning network to be launched. If the lightning network is fully developed, we will see some acceleration in the BTC transaction and the payment will be drastically decreased. it is not the way you think of it. after a few years from now, we will see a major difference both in transactions fees and the transaction speed if they fully initialized and successfully fixed all the current bugs of this technology.

I'm doubt, it was crazy to think a $3 trx fees to move 0.001BTC, I'd almost pay it all and received less than I paid with the miners.

The value of Bitcoin will soon rise for sure but I was not thinking also that high fees will correspond to it. If that will happen, well, I don't think that small/average investors will likely invest Bitcoin but probably they will change their minds and choose the stock market investment.

As if this will save Bitcoin. :)

1 transaction per month for each user - now, with the current block size, this is a maximum of ~10 million users. Only 10 million users. How are you going to take over the world with 10 million users? Full delirium.

I'm sorry, but all those who convince us that with Ln + 1MB. block we will reach a billion users are by definition stupid.

My prediction is that bitcoin fees won't be that much high in near future because we learnt something from past experience, we implemented lighting network, there are more comfortable mechanisms made from bitcoin service  providers that includes zero transaction fees on transactions between certain service provider users, for example you can send bitcoins from your xapo wallet to recipient's xapo wallet without fees. Combination of different implementations and others will help us to get rid of immersive bitcoin transaction fees, at least we are more and well prepared right now.

This is what I saw also especially if there are too many transactions that are need to be processed then the transaction fees will surely to increase the same to what happened to
Eth fees right now.

But I am hoping that there will be something that can be done to it in order to prevent this kind of scenario to happen in the future as it can surely affect the number of people who are going to use bitcoin because wise investors will surely to use the currencies that has a lower transaction fees.

I am comfortable with the current Bitcoin fees. I think that if the network gets congested like Ethereum we will see a rise in fees. But there will always be someone who creates solutions to solve this problem and we need to wait for these solutions to arrive because of the work that developers take to launch their products.
If we had a rise in Bitcoin fees, I think we should assume it and demand and support prompt solutions.

Hopefully Bitcoin transaction fees won't go up again anytime soon, because the current transaction fees are high enough for me.
But seeing investor demand for Bitcoin continues to increase, there is a possibility that Bitcoin transaction fees will increase as
happened to Ethereum. The best solution by maximizing the use of the Lightning Network.

When the bitcoin prices rises, there is also increase in bitcoin fee. One reason for this is that since the bitcoin become expensive, so we may see the same amount of satoshi to be of more value which are paid as a tx fee.

There is no such dependency. You just made it up. :)

Here are the price and fees charts:
https://www.blockchain.com/charts/market-price
https://www.blockchain.com/charts/transaction-fees-usd
Look for all the time.

Transaction fees depend only on the number of transactions in the mempool. Even if the price of bitcoin rises, if there are no transactions in the mempool, the fees will fall to cents.

Sometimes a large number of transactions in a mempool and a price increase coincide, but not always.

Technicailly this is a pretty big issue. And I think we even had a lots of discussions about this in January 2018 when the fees suddenly skyrocketed and I remember the technology of lightning network was pretty popularized at that time and it was expected that it would solve lots of these issues related to scaling but the pace of development of this technology has been pretty slow and I think there have just been a bunch of use cases of this technology. Moreover it faced tremendous criticism for making the chain centralized which it technically didn't. But yes there would definitely be an issue in the future.

Some people have suggested that even the fiat mechanims like Paypal etc. charge a tremendous fees which in compared to bitcoin is higher but I think the ideology here shouldn't be to blame bitcoin or paypal for charging heavy fees rather creating a hybrid solution which could work out towards lower fees. A few other coins have evolved for this purpose but as usual turned out to be shitcoins at the end.

^ Definitely right, once Lightning Network will fully apply in all wallets and it is applicable in a single transaction, it is probably good. But as of now, this LN was good for bulk transactions or even the micro transaction, but somehow it will be able to use even single transactions. I don't think the fee will high, probably the value but not the amount as a fee of your trsanction, it the same calculation, sats per bytes. However, I don't bother my self just thinking so much in the future even if you are asking the price of bitcoin in the future, as of now, trust of what you believe in bitcoin, let see what will happen next.

So far, one of the problems of BTC is having high fees. However now, ETH gas fee is probably higher, much higher.

Before answering the question, we can see the example from Etheruem (ERC) platform. As we know, Ethereum or other ERC tokens had very affordable fees, it was very small compared to BTC and the fees are rather stable.

However, look at the condition right now. The fee is extremely changing and going so high multiple times. this is really annoying because most coins use this platform and many people have a problem with the fees.

from that situation, I think that the BTC fee sometimes probably may change into high fees again or even decrease depending on the situation, condition, and also news at that time.

Alas, I read information that the fees for Bitcoin transactions will grow, this cannot be avoided, otherwise you will have to sacrifice security. But since bitcoin is the currency of the future, and the number of investors is increasing, the problem must be solved.

I think it is high time to optimize the use of Lightning Network.
As we are faced with this high transaction fees, and is really not practical anymore, we should look into this option.
But up until now, most local exchanges are not supporting LN.
Merchants or shops should also look into utilizing LN. In that way, crypto users will appreciate bitcoin as their payment method.
Until then, users will find another alt that will serve their purpose.

That's what you get when you use Fiat as a unit of account. If we begin valuing things in terms of Bitcoin instead of Fiat, things would've been much different now. Sadly, there's nothing we can do since people use Fiat to value everything in the whole wide world. Based on current prices vs amount of Bitcoin required for transactions to process on the Blockchain, fees are ridiculously expensive. And they could go higher in the future if the network congestion persists. The only solution for Bitcoin is off-chain transactions via "The Lightning Network" for people to enjoy dirt cheap fees that are less than a penny (in terms of USD). Transaction settlement times are instant too, making the Lightning Network a suitable tool for micropayments and so much more. The only issue is that most merchants, businesses, and wallet providers haven't adopted the LN to its entirety. Because of this, most (if not all) people aren't aware of Bitcoin's "Layer-Two" solution to reap its benefits. I believe adoption will come for the LN, but it'll take a little longer than we've expected.

Ultimately, people will decide whenever they'd want to continue using Bitcoin for mainstream transactions or switch to another cryptocurrency. As far as I know, there are thousands of cryptocurrencies available on the market with greater transaction capacity than Bitcoin. This means lower on-chain fees and faster transaction speeds without the need for a separate network (which has a steep learning curve for the average person). Even on-chain Bitcoin transactions with a low fee can be processed on the Blockchain (albeit at slower settlement times). Scaling Bitcoin is something optional as decentralization/censorship-resistance is what truly matters. But not everyone thinks this way. In a world where people prefer convenience the most, the average person will most likely use Bitcoin's Lightning Network for lower fees or switch to another cryptocurrency. Whatever happens in the future, I'm certain that Bitcoin will remain as an unbeatable cryptocurrency in the mainstream world. Just my opinion :)

So how do you plan on getting us to billion users without using a second layer solution?

Increasing block size isn't the solution either, you have living proof of coins with 8MB blocksize such as BCH or even unlimited blocksize such as BSV, do these coins have more traffic and users than Bitcoin? the answer is NO, people paid an average of 50$ to interact with ERC20 contracts on ETH, they pay 10-20$ to send BTC, why would they do that when they can send it for almost free? heck, some coins have instant confirmation and close to 0 fees but nobody uses them.

This is a free market, users bet against each other and whoever wants to use it must pay for it, we barely have full blocks and some blocks go almost empty, we are not even close to a full maximation of blocksize.

Another factor that you need to consider is the blockchain size as a whole, why do you need a purchase of 1$ for your morning coffee to be written on a public ledger stored on thousands of computers, who is going to pay for it? this isn't just a matter of miners process transactions and then delet that block for good, thousands of people need to store it on their computers, storage costs money, if we have unlimited blocksize and fees go close to 0 then doors for transaction spamming will be wide open, eventually, the blockchain (which is already huge) will be way too huge for the average joe to run their full-node, and then it's only a matter of time until only large corporations can afford to run full nodes and this will take us back to the old monetary system where a couple of people sit in a closed room and decide what to do with bitcoin.

Also, receiving/downloading and propagating large blocks is a 1st world's privilege, the majority of people don't have fast enough internet to process huge blocks, so even those who can afford storage will suffer, miners across the globe will no longer be able to mine solo and 100% of the hashrate will be direct to 2-3 mining pools, 50-100 full nodes that are owned by 2-3 large companies and then you have the perfect centralized public ledger, exactly how banks and governments would want it to be.

You can learn more about Bitcoin wrap at the link below. Bitcoin wrap is the solution for the present time so that users can trade Bitcoin on DEXs. This solution is innovative and solves many problems in transactions between chains without having to develop complex cross-chain
https://www.mycryptopedia.com/what-is-wrapped-bitcoin-wbtc-a-detailed-guide/

I guess that actually depends on the transaction fee's being set by the exchange or whatever is holding your Bitcoin. $2 is already a big amount in some countries and that would already be equivalent to a meal. It would be expected for these transaction fee's to grow since higher value of Bitcoin takes more time to transfer and there are some options that allow you to rush transactions by paying higher fees.

In my opinion, in the future, where all the bitcoin's have already been mined, the transaction fees will get higher because these miners does not have taking any rewards. The only money that they can take is from the transaction fees from every single blocks they were able to create. I don't know what will happen next because of this. We'll know if we get there.

the more the bitcoin value grows high same as the transaction fees will go high also,in this case Expect the higher fee in our future transacting.

and it is been a Bias if we are gaining a lot while miners are not?they are the one who is responsible why the Bitcoin is in circulation so
 let us give them what they deserve.

i will also commend that whenever there are  increase in fees,let us just consider that miner is taking their piece of cake from our market.

As they said, there will be an equilibrium that will happen. And since we are still not talking about when all of the bitcoins are mined, as the difficulty increases, that would also mean that the transaction fees will increase because of the value of bitcoin also increasing. That is the effect of halving making it fair for all of us.

The bitcoin wrap solution is explained in this comment.
In addition to bitcoin wrap, there are other reasons to reduce transaction fees.
The first is the advancement of Bitcoin mining equipment, increasing the hash rate but reducing energy consumption.
Next, is OTC transactions performed via CEX instead of directly done as before.

I put the question directly. :)  Do you think that with 1MB + LN, we can reach a billion users?

I don't think the fee will be low in the future...
I noticed that Bitcoin fees are basically stable, it's just that the value sometimes changes according to the Bitcoin price, if in the future the Bitcoin price reaches $ 50k it will automatically follow that, and most likely the Bitcoin transaction fee will be more than $ 5.

That's true, the transaction fee is based on the current price and for me no matter how much it will go it will stay balanced to the current users but the issue is that new investors will hesitate if the transaction fee would be too high, yes for the current holders the fee doesn't affect them that much and it would set an unbalance volume between holders and new investors. It is inevitable to change any of the system but I think the current state is reliable unless bitcoin would go too high for transaction fee to be unrealistic, imagine transferring your coins into another wallet would costs you $5.

One advantage of bitcoin comparing to paypal and the other payment systems is the transaction fee. Because you can easily transfer one million dollars with less than ten dollars of fee. So, the transaction fee will not be higher than other payment systems. But, as you saw on the chart linked by BlackHatCoiner fees are growing over time. But bitcoin transactions are still profitable. However, if you don't need the transaction to be confirmed quickly, you can easily put a very low amount of fee which is customize-able.

Increase in fees happens when there is a long line of transactions to be confirmed, and there are always people who are ready to pay higher fees to get miners to confirm their transactions first, and as more people are ready to pay even higher fees, the more that this will keep on increasing. But I believe that there is going to be a solution to this in future. It’s best that we just keep cool and keep following with whatever events that are taking place for now.

This is the reason why SegWit was introduced, to help make things faster and easier, as the Bitcoin Blockchain will be able to contain more transactions in a block. This wouldn’t work though, if it’s not adopted. But I believe that the devs are steady looking into this. For now you can make use of wallets that allows to choose the level of fees you want to pay for a transaction.

Well said. People are the ones who decide which cryptocurrency to use from another. There are many coins out there on the market with better tech and features than Bitcoin. Yet, none of them have been able to surpass it in terms of mainstream adoption and market cap. Bitcoin Cash is simply another Bitcoin clone with an increased block size (on-chain scalability). This approach will harm the decentralization of the entire Blockchain network because node storage and bandwidth requirements will increase at a fast pace leaving the average person out of the system. Bitcoin Core developers know the risks involved with a huge block size, justifying the "off-chain" approach for scalability. The Lightning Network is the safest route for Bitcoin to scale to thousands or millions of people around the world, as it's a separate layer from the main Bitcoin network. If the LN were to fail, Bitcoin's main chain will continue to operate as usual. This, alongside sidechains, will preserve Bitcoin's decentralization while providing unparalleled performance compared to the likes of VISA and Mastercard.

In the case of Bitcoin's high fees, there's nothing to be worried about. You can easily select a lower fee for your transaction to get processed on the Blockchain at a later time. There are other techniques to reduce fees per transaction too (like batch transactions, using native SegWit, etc). If high fees are still a concern, you can always choose among thousands of cryptocurrencies available on the market with reduced network congestion. Bitcoin Cash and Bitcoin SV have ample network capacity for many transactions per second at a cost of reduced security and reliability. As long as the original Bitcoin (BTC) remains decentralized and censorship-resistant there should be nothing to worry about. Just my thoughts ;D

We barely do not know for we are still into the present time. What can happen in the future is still unknown for what answers we can give for now are just mere assumptions that maybe or maybe not the transaction fees can go higher on the future. All will be dependent on the Bitcoin usage and transaction on what could possible to happen on the transaction fees. As for now the transaction fee is just good so nothing to worry about. Anyway you can choose a lower fee and get your transaction be confirmed but it will take time but still it will be processed to make the transaction successful. If you barely want fast transaction, then you barely will spend higher fees for that but if you do not, then just choose lower fee transaction because it is the same thing to happen the difference is just how fast it will be processed to get confirmed.

Bitcoin transaction costs are not fixed and it increases if too many people use bitcoin to transfer money in a while.
I think if bitcoin uses regular payments, it has no advantages over other forms such as bank cards, payment applications. If you use remittances as large as $ 50,000 or more then the cost of $ 2-10 is not a big drawback because bitcoin has global liquidity and is fast compared to any form of interbank money transfer.
Of course in the future, we will have many solutions to help reduce the cost of bitcoin transactions.

It is the volatility in the transaction fee that is the problem. The average fees can fluctuate very wildly. Last week I made a transaction, and used the default fee as shown in Blockchain.com. The fee was 4.7 Sat/Byte. Then the Mempool size went up and the transaction was stuck for 48 hours. It got confirmed after two days, but left me frustrated and angry. The problem is that it is getting difficult to predict the transaction fees. The fee that I input (4.7 Sat/Byte) would have been enough to get a quick confirmation in the previous week, but after I made the transaction the fee shot up and the transaction got stuck. If I knew that previously, then I could have increased the fee.

I am also very curious about it especially if all the bitcoin will be mined already in the future. Is the transaction fees will increase or it will remain
as it is.

If bitcoin will likely to become very popular in the future and there will be many people who are using and transacting it, there is a big chance that the
transaction fee of bitcoin will likely to increase if no one will prevent it. Though this is only my observation and I hope that it will not happen in the future.

This will only depend on the bitcoin in the future, as what we are all expecting bitcoin value will rise in the future so basically, if this thing will happen, the transaction fee will go up as well. Most of the transactions we have in the world of crypto have transaction fees, even though in the new innovation of the crypto world which is the ATM, it also has the transaction fee as what I have read in an article.
That's true, that is how the transaction fees work, the higher the demands, the higher the transaction fees as well and this could happen in the near future because cryptocurrency becomes very popular every day, there are already many countries that accept the user of cryptocurrency.

I can't name any reason why Bitcoin fees will lower in the future. Maybe Bitcoin won't be the perfect medium of exchange, but it will be used as a store of wealth.

everything that will be in demand will surely grow the fees and this is a common thing when talking about cryptocurrencies.
and why need to be problematic when we are gaining high already when that time comes.
and it has been happening now since majority of people who has Bitcoin is Holding and not using it commonly.

That's the problem... right now the average fees to withdraw from exchanges is 0.0005 which is around $5, that's already expensive!
Have not taken into account converting from fiat to crypto, that's already $10 gone.

I'm not sure what is cheap here...
Yes, you can transfer millions of cryptos with a cheap fee, but have to take into consideration the conversion rate and withdrawal fee too!

its very difficult for us if bitcoin transaction fees will be too high in the next future ,it will too small profit if the transaction fees continuing too high until bitcoin prize recieved is not enough to aernings

I do not think that the price of bitcoin will become higher than what it is now. Just like you said, bitcoin will become more widespread in the next decade and will result in more transactions made every second, then it means that there is more money to be made for the miners.
It is just simple mathematics. If there are 10,000 transactions made now at $2 fee per transaction, then there is $20000 transaction fee made. If bitcoin becomes widespread over the decade and there are 100,000 transactions at the same $2, then there's $200,000 made.
There won't be a need to increase the transaction fee.

I think this also because as we look at bitcoin from the beginning ,we can see that bitcoin transaction fee keep on increasing during the time that bitcoins value are also increasing. So, it means the transaction fee is depends on bitcoins value but I hope that it will not be more expensive or go higher in the future because it will be difficult for us to earn using bitcoin.

If the demand for bitcoin increases it will exceptionally impact on its expense/fee as well.
It's not a new thing just business rules. If your demand is increasing just increase the product price/lower the quantity.
So I believe the exchange charge of bitcoin going to increase. I won't generally stress over the current exchange cost since we're still paying the lower fee.
It's better to hold your coins more for the future because its demand gonna increase soon.

Bitcoin's fees aren't static. They dynamically change depending on current network conditions. Since Fiat is the unit of account that determines Bitcoin's price on the market, fees in BTC relative to Fiat (USD, EUR, etc.) are high. But if everyone started to value things based on BTC itself, then it wouldn't look that way. Like it or not, it's the way the Bitcoin blockchain works. If it wasn't because of the high fees, Bitcoin wouldn't be as secure as it is today. As it's said in the real world, "you get what you pay for". When paying high fees on a Bitcoin transaction, you can remain confident that your payment will go through as intended. Since Bitcoin is the world's most secure and decentralized cryptocurrency, you're paying high fees to send a transaction that will be recorded virtually forever without being reversed or manipulated (immutability). That's not the case with smaller blockchain networks like Bitcoin Cash or Bitcoin SV. Their fees may be ridiculously low, but their security/resilience is terrible.

Nonetheless, people have a choice thanks to the way Bitcoin was designed. They could either select a low fee for their transaction to go through the Blockchain (albeit at extremely slow confirmation times), or simply choose the Lightning Network for instant, cheap payments. People can also choose another cryptocurrency with lower fees than Bitcoin like Bitcoin Cash or Bitcoin SV. High fees or not, it doesn't matter as long as Bitcoin remains a decentralized cryptocurrency for cross-border payments without the need for a middleman (banks). Just my opinion :)

Anonymity has its price. You can not have everything you want. Sacrifices are needed in every circumstance. Paypal can charge less than bitcoin but you will provide full of your identification and identity. And they can easily trace you whenever you make a transaction

Fee increase is inevitable. This is the price to pay with bitcoin's decentralized function. A pretty big one so to speak. But I hope the people working on bitcoin's development somehow find a loophole that would allow us normal investors to transact with bitcoin without the worry of breaking the bank. Coz as of now pretty much we can only hope for the fees to go down is for the price of bitcoin to go down too.

Hello dear, i hope It is relies upon Bitcoin utilization later on. On the off chance that I acknowledge Bitcoin in installment for a £10,000 space name, at that point $5 id unimportant, In the event that I need to pay for some espresso, at that point it is excessively, particularly as I don't pay anything with a Visa. That prompts the likelihood that the beneficiary pays the diggers charge. The digger just removes it from the £10.000. At that point there is the chance of lumping a lot of exchanges into one accommodation, that ought to lessen the charges.
Another likelihood is that banks begin to run their own mining ranches, and afterward they could give no expense exchanges as long as the installments aren't pressing. thank you

We can't be judgemental on the transaction fee of bitcoin in the future. A huge spike in transaction fee happened with the May month. This is all because of the increased number of activities happening on the network considering the halving event predicted to take place. It caused the transaction fee to spike to a value above $6 from a low transaction cost of $0.28 between the month of January and May.

After the halving the market allowed to drop the transaction fee. Now this has dropped low compared to the peak value of May month. In future surely there'll be continued development to keep the fee nominal so to grow the network.

I agree that the price of bitcoin has gone up, so the transaction price has also risen and vice versa, but there are also those that have increased the transaction price when many are selling on the market, so many have put up expensive transaction prices so that the coins are sold quickly.

Logically Bitcoin price will rise in the future due to its limited supply. As a result, fees will increase too.

On-Chain activity matters more than the price imo.

If the place gets too crowded, high unit prices speed up the process.

If there isn't too much activity, then bitcoin's high price won't affect the tx prices that much, probably not at all.

This is a very relevent question I must confess considering the transactions been carried out with bit coin on daily bases. as years goes by certainly there be an increase in bitcoin transactions fee becomes more investors and stake-holders will want to venture into this form of wealth mining thereby causing an increase in demand which might trigger its market value. With this the market capitalization of bitcoin will tend to increase leasing to increase in transaction fee. So its much adviceable to Accumulate as much bit coin as possible so as to avoid been kicked out from the market in the nearest future ::)

If you are in hurry to make certain transaction then yeah you need to put higher fee even it might still have a long time to get confirmed and as time goes by the price of bitcoin could possibly getting incredibly high we might could face a $100 fee when the 10k satoshi equally to that $100.
We have some ways to reduce the bitcoin transaction fee including through the segwit wallet & transaction batching .. we might will find something more than these in the future which hopefully it comes soon.

most likely it depends on transactions created on blockchains just like ETH currently has high gas due to accumulated transactions
if bitcoin can be used for payments in various international web shopping, it is very likely that the fee will continue to rise

It is really pathetic for some people who send bitcoin regularly. There are a lot of people who send bitcoin for micro works and they send it several times in a day. Hopefully, transaction fee will be starting to fall again.

There's no such rule. We cannot be sure that the transaction cost will go up with the value. You can see that in Jul 2017 the fees skyrocketed to very high levels but the price was just 3000 dollars atthat time and the number of users was much lower. So we had lower price, lower number of users, but higher fees!

Transaction cost usually goes up when the number of transactions goes up and it's true that the more Bitcoin is worth the more people are willing to pay to get a fast transaction but we don't know if the network doesn't get faster with the introduction of secondary layers like the LN.

There are chances for both scenarios when:

Scenario 1 -

Miners and pools decide to decrease the fee levels by setting the minimum fee based on the (upcoming future) price if it goes too high, like if the price of BTC goes 10x some day, they may decide to ease the process and scale BTC at that time by decreasing the minimum sendable fee to 2k sats instead of keeping it high at 10k - 20k sats.

Scenario 2 -

Miners decide not to go for a reduced price for them to confirm the transactions and charge even higher under the effect of greed because you know, most people mine for money. I'm sure that hobbyists don't care a lot about fees but those who are invested a lot into this, do care for the same.

When price go up enough so that the fee is problematic, well, price has gone up, so in general people transact less amounts, less bytes per transaction = less perceived fees. Say we reach a point where 1 satoshi = 1 USD, a current transaction cost would be in the thousands of USD! But a regular transaction of around 1000 satoshis, costing some 2 or 3 satoshis wouldn't be too out of the ordinary.

The chain will evolve, some miners will move on, but this is my perception of how fees will stabilize in the future, adoption is going to grow so price will follow as well. (the above is NOT a price estimation, it's just an example)

Many cause Bitcoin transaction fees to be high, especially if Bitcoin demand continues to increase, while Bitcoin supply is limited.
So it is very possible that Bitcoin transaction fees will be high in the future. Even now when compared to altcoins transaction fees,
Bitcoin transaction fees are quite high. Meanwhile, using the Lightning Network is a solution to get cheaper Bitcoin transaction fees
right now.

Ethereum and DeFi are the great example of high transaction fees. I'm 100% sure, that after DeFi rans out of hype power and becomes something regular (like ICO and IEO now), people will come up with something new, that will grow an interest to bitcoin. And where is interest, there are people who will want to earn on it. You dont need to go far for an example. Every time bitcoin's price grows speedily, network fees goes up also.

The median fee is misleading for newbies. They will simply think that average fee for each bitcoin transaction is $2. They don't know fee depends on transaction size. The median the site gives us is fee for all transactions at all sizes. They should give a median per byte.  :-\

Scammers will create another new scam trend and if Ethereum keeps its current network structures and its role for running new projects, pools on their smart contracts, and if the Ethereum 2.0 won't solve network issues, fee on Ethereum network will have other crazy rises.

You can't predict the transaction fee for Bitcoin, if you don't know what will be the future limit on Block size. If the user base expands, and in case the number of transactions go up by a lot, then there is a good chance that the community will unanimously decide to increase the block size. If that happens, then the transaction fee will be more or less stable. Else it will go up to the levels we had in 2017 December.

The increase in price is a factor that affect the number of bitcoin transaction. The higher the number of transaction, the denser the network will be so that the transaction costs will be higher. So in my opinion, it is not the price increase that causes high transaction cost but the network congestion.

I can't be sure how much it will cost in future Bitcoin transaction because it's very difficult. Miners will face hard time as some of them will have to stop activities that are no longer profitable. But I believe the transaction fee will not exceed the reasonable limit.

yes I agree with you with the increasing number of requests, the higher the transaction fee, in my opinion Bitcoin is the same, if the use of bitcoin is high the costs will also be higher, but I hope that doesn't happen

As i was concern too that maybe bitcoin transaction fees will soon be too high in future though i didn't have any idea when it will come. It still depend on how high the demand of cryptocurrency in the future specially bitcoin. For now all i have observed was the pumping of value of bitcoin well its due to the additional whales on th community i guess. I didn't wish for it to come at that point but if ever the fees going to high how i wish that each and everyone still can afford it.

When bitcoin supply mining difficulty increases, the mining ability of miners will become slow. Therefore, it might give an additional fee in the future. As we discussed here what happens when the remaining supply will be mined? It is really normal for bitcoin to have higher fees in the future. And I am hoping that bitcoin will resolve this problem because many investors and buyers are killing because of this high fees. If everyone is a millionaire, we easily afford it. But take look at the current scenario. People can`t stop complaining to the problem of high fees in ETH and BTC.

Exactly. As I've said before, you get what you pay for. While Bitcoin is not truly anonymous, it's certainly better than ordinary banks which force you to verify your identity to use their services. Being the most secure and decentralized cryptocurrency in the world, has its benefits. By paying a high fee you can rest assured that your transaction will remain on the Blockchain virtually forever (due to immutability). That's not the case with most altcoins today. If high fees are a concern, you can simply select a lower fee or use The Lightning Network for instant and cheap payments. Thanks to the decentralized and open source nature of Bitcoin, there's always a choice. You can choose not to pay a high transaction fee at a cost of slower confirmation times. With a wide-variety of altcoins on the market, high fees and slow transaction confirmation times are no longer a concern in the crypto/Blockchain space.

Nonetheless, people will ultimately decide whenever they'd still want to pay high fees or not. If they choose to continue paying high fees, then average fees on the network will stay that way. The same could happen vice versa. That's the beauty of the "fee market". Miners will process transactions with high fees faster than others as it's more profitable for them. Transactions with a lower fee will get processed much slower but will eventually become confirmed by miners on the Blockchain. It's the way the system works and there's nothing we can do about it. If it wasn't because of the fees, Bitcoin wouldn't be as secure as it is right now. Just my thoughts ;D

I think it is complementary when the network has congestion, the price will increase as well. The price will increase because there are people who will pay for high tx just to have confirmations to the transaction. And since the network is congested, people who are in rush will obliged to pay for the high tx. The mining difficulty will also be a factor to consider when the price goes up. As we can see, when the supply was halved the price of bitcoin moves up as well. In the future when the supply will be mined, miners will dictate the tx fee and for sure it will goes up.

Bitcoin's exchange expenses can increment or abatement relying upon the ubiquity of bitcoin in the DEV group's installment framework and innovation refreshes.

On the off chance that later on individuals use bitcoins more, the exchange cost of each bitcoin will positively build more.

The innovation of bitcoin later on is a touchy issue, the lightning network has worked admirably in diminishing the expense per bitcoin exchange, however in the event that there are more exchanges bitcoin still can't take care of the issue.

We can wrap bitcoins and can unreservedly execute bitcoin in all blockchain networks. That is the manner by which DEX trades do it to exchange bitcoin with different altcoins on any blockchain platform.Now excavators get 6.25BTC * 144 = 900BTC every day just from the bitcoin network as a prize. At that point I determined the normal exchange charge every day for the most recent year - 47BTC.

Along these lines, each day diggers get 900BTC from the organization and 47BTC from the organization clients. These are operational costs, 947BTC every day keeps bitcoin secure.

47BTC that the clients pay is under 5% of the absolute diggers pay.

The organization reward will split like clockwork, the expense won't supplant the declining reward. Excavators will get less cash, the organization will be less and less secure many splitting.

The argument from miners don't have a solid logic. If mining is so unprofitable, why they are still doing it? Most of the mining farms continue to make new investments in new mining rigs and cooling systems. Do you think they will be doing this, in case mining is a loss making exercise? The fees is not extremely high right now. But there is a lot of volatility. And this does a lot of harm to the global adoption of Bitcoin.

Yes, the way things are going now in the market show that bitcoin will change in no distance time base what people are experiencing now. Other cryptocurrencies fees is more higher than bitcoin which is making bitcoin to accommodate the largest population. I think soon bitcoin fees will go higher but it will not be higher like Ethereum.

Well.. I don't think so. Bitcoin always had the highest transaction fee among all the cryptocurrencies. Due to DeFi hype, the Ethereum transaction fee has also jumped quite a bit in the recent months. But even then, Bitcoin remains the cryptocurrency with the highest transaction fees. It seems to me that you have no idea about the transaction fee for the other coins. Else you would have never posted this.

Now a days Bitcoin transaction fee is not so high. In my opinion in the future Bitcoin transaction fee not to high. If Bitcoin can control by any government then that government can add extra transaction fee in Bitcoin transaction. Otherwise Bitcoin transaction fee not to high in future.

Well, with the current development of blockchain and crypto, I don't think high fees are a problem. There are many alternatives that can be used if you want to avoid high transaction fees, for example with LN, right?
Besides, the high fee is not a problem, if it is comparable to the services provided, right? If you want anonymous and confidential transactions, you don't have to validate your account like a conventional bank. So what we pay is what we get.

That's certainly true, mate. Bitcoin is the one cryptocurrency with the highest transaction fees on the market right now. And it'll continue to be that way for a very good reason. Being the most decentralized cryptocurrency in the world, requires one to pay a high price for your transaction to remain on the Blockchain permanently forever (immutability). You don't get this with altcoins such as Ethereum Classic or Zcash. That's largely because the aforementioned cryptocurrencies have a small hashrate backing them, resulting in a higher risk of a 51% attack (making it possible to break immutability). Of course, their fees are ridiculously low. But their level of security is not as comparable as Bitcoin.

As they always say, "you get what you pay for". I'd prefer to pay a high fee on Bitcoin knowing that my transaction will remain impervious (sort of) against external manipulation. It's extremely costly to attack the Bitcoin Blockchain right now, making external interference practically impossible. As long as this is the case, transactions will remain immutable on Bitcoin. For large amounts of money, it's best to use Bitcoin even if you have to pay a high fee. But for quick and small payments, you're better off using altcoins like Ethereum or Litecoin. If you still want to enjoy low fees on Bitcoin, you can either select a low fee on your wallet (at a cost of slower confirmation times) or switch to the Lightning Network. You can even perform "batch transactions" for even lower fees by sending Bitcoin to several addresses on a single transaction. Or you can use native-segwit addresses for a discount in network fees. With so many ways to save off Bitcoin fees, there's no reason to worry about the average fee costs rising at a fast pace. This tells us that Bitcoin is being heavily used in the mainstream world. High fees or not, Bitcoin will continue to work as usual. Just my thoughts ;D

Electrical charges would diminish additional time with practical energy, It will turn out to be more effective, exchange limit would increment taking into consideration more trouble could drop, and so on bitcoin increment too high then I think the exchange expense will likewise increment. Yet, if at any point the excavators will mined all the bitcoins I think there will be an adjustments in exchange expense, possibly it will getting lower even the estimation of bitcoin increment.

Yes ,transaction of bitcoin will increased ,but depend if you considere it with a ratio.It ' s hard to find that transaction will cost more than 1% .

The increase in hash rate and thereby increased requirement for electrical power will neutralize any advantage that will be gained from the reduction in electrical charges. Also, I don't know for how long this PoW system will remain viable. Already more than 1% of all the available electricity generation in the world is being used to mine Bitcoins. In the future, this is going to increase even further.

I think bitcoin transaction fee will be lower and might be even free when the mass adoption occurs and bitcoin transaction fee will looks like be money exchange. I hope that mass adoption occurs earlier than what we have expected so that we can set aside the bitcoin transaction fee because we are losing a lot of money due to transaction fee and it will be a big help if there will be no more transaction fee especially for those who are very active and always doing bitcoin exchange.

 I don't think so.

As the development of the Cryptocurrency and more and more people start to take part in field, so the exchanges will get more competitions,and exchanges will try their best to lower the fee of the transaction to attract more people into their caves. It is normal and certain development from a new industry to more mature market. More will be cheaper. Better tech will bring better life to the people based on the help of the government. For example, BitOffer exchange is featured with 0-fee and 0-margin. Recently. They even lauched the funds with capital and interest-guaranteed.

As to mining gas, because they can be more efficient with the better high tech. You can earn more totally from more people.

It’s would all depends on the number of active bitcoin users in the future, how often would people use bitcoin for their daily transactions. Bitcoin isn’t the first currency so it’s charges won’t be outrageous compared to other transactions fee. There would still be balance or equilibrium in the charges of bitcoin transactions in future even if the users multiply. Some miners might not be able to continue because the market would be survival of the fittest and these would still result to equilibrium in bitcoin.

As long as the Bitcoin price continues to increase and people use Bitcoin, fees will continue to increase too. Maybe someday we will pay 100 dollars as fee. For this reason, I don't make my transactions with Bitcoin. I use Ripple for it. I think Bitcoin and Ethereum fees are way higher than they need to be.

You want to use a shitcoin just because the Bitcoin transaction fee is too high? I don't think that we'll ever get to see transaction fee of $100 or $200. If that happens, then no one will be able to move their coins and they will just dump BTC and move to BCH or ETH. I hope that such a scenario will never realize. In case the transaction fee gets out of control, then hopefully the community will sanction a hard-fork to increase the block size, or approve some other measure that will bring it back to tolerable levels.

We cannot control the future transaction fee prices but I will guess if Bitcoin goes up in price so will the cost to make transactions.

If you are anything like me or others in the thread $2 is not a lot to pay if you are sending hundreds of dollars in currency.

I think all wallets have a fee for bitcoin transactions with the same amount, depending on if the price of bitcoin in the future is getting more expensive, it is possible that the fee will be too expensive because for each transaction we have to pay a fee of 0.0005 btc, currently the price of btc is equivalent to $ 13,000 maybe a fee we have to pay about $ 1 more, in the future if the bitcoin price goes higher the nominal will also increase but the payment fee remains 0.0005 btc for each transaction. However, it also depends on the market whether they will reduce the fee for each transaction or on the contrary increase the fee to be more expensive.

I think it actually depends on the price of bitcoin in the future. If the value of bitcoin rises up there's a big possibility that the payment in any transaction may rises up too. But maybe because of the mass adoption, that may happen in the future, the value of gas may not rise, and that is a good thing. As of now, bitcoin is continouosly becoming popular all around the world, especially at a time like this when there's a pandemic and we need to be careful in every transaction. That makes bitcoin more famous today.

As time passes by, many have also know bitcoin already and become part of the community of cryptocurrency. So it is not impossible that in future the transaction fee of bitcoin will set too high. Well its because that the value of bitcoin in the crypto market were remarkably high and attractive to investors that's why there was a lot of investors were attracted. And as a consequences of these, a lot of investors and users will definitely make it to high transaction fee.

Which transactions? I've never done one where XRP was remotely possible, not that I'd do it as by the time I converted it back it would cost more than Bitcoin fees.

As for being 'higher than they need to be' it's us lot who decide the fees by bidding against each other. They are exactly what we all decide they are.

There is no point in thinking so far distant into the future.

While it is true that mining gets more and more difficult over time the transactions fees won't be the only thing which will factor that. As such, it wouldn't make sense to have the types of fees your describing as as you have alluded at people won't be happy to pay that much, or will they? Only time will tell.

I think what's important sometimes is to focus on what's in front of you and right now I say let's enjoy the BTC bull run  ;D

What can we expect when we start as without almost fee and now look this becomes an issue all the time prices grows like now mate.
Surely in time passes by the fee will go Up and high as the price of bitcoin same do.
and Miners need to get their dividend because for long time now ,they are not gaining instead last Halving they did not get what they are looking for to at least earn enough from their expenses and time.

The next block reward halving is almost 4 years away, so that is not an immediate concern for the miners. BTW, you need to understand that the userbase is expected to increase sharply in the future. Along with it, the number of transactions may also witness a steep surge. So the fee reward per block may remain stable, or even show an increase. But the median transaction fee will remain at the same level. The only thing to remember here is that we need a substantial block size increase at some point in the future, to keep mempool at tolerable levels.

https://mempool.space/

It has been part of the many speculations on what will happen to the miners and transaction fees whenever all bitcoin is mined or nearly mined, but I think it is clear to me that transaction fee will still remain the same because of the improvements on the bitcoin network by those programmers who continuously support bitcoin. Some updates include the Segwit implementations which reduces the transaction fees significantly, in addition, the price of bitcoin will be high in the future so it could also mean that same rate of transaction fees will be applicable as miners can also handle to pay their electricity bills.

How would that help the massive adoption if we can't afford the transaction fee, bitcoin will be useful only for users who like to transact with huge amount as they'll only have to pay a small amount, but for users who only transact $10 or less, bitcoin is not going to help them especially when the network is congested.

The LN might be the best solution for this IMO, and hopefully people will support it.

Not really. All wallets don't have the same "fee". They do set a reasonable transaction fee based on current bitcoin network load. You can always change (almost all wallets allow you to set your own fee.) the fee according to your own preference. You don't want to pay high fees? Lower the fee amount and wait for few hours. You want quick confirmation? Pay higher fee and get all your transaction confirmed in average of 10 minutes. You don't always pay 0.0005 BTC per transaction. Fees aren't calculated based on "per transaction".
Even if the price of bitcoin goes higher, it doesn't mean you will have to pay higher fee. The fee also depends on the mempool. Low network load means you will likely pay lower fees.

It relies upon Bitcoin utilization later on. On the off chance that I acknowledge Bitcoin in installment for a £10,000 space name, at that point $5 is unimportant, If I need to pay for some espresso, at that point it is excessively, particularly as I pay nothing with a Mastercard. That prompts the likelihood that the beneficiary pays the excavators expense. The digger just removes it from the £10.000. At that point there is the chance of lumping a lot of exchanges into one accommodation, which ought to lessen the charges. Another likelihood is that banks begin to run their own mining homesteads, and afterward they could give no-charge exchanges as long as the installments aren't dire.

people that are already in here before the transaction fee rise are lucky because they can choose to hodl and not transact for a while but for the people are planning to enter they will get turned off if they see how much is the fee cost  . that will prevent the adoption from growing but the fees will also get stabilize .

@sapnu why gas are involved ? gas is for the eth but topic was only about btc , i already explained earlier that mass adoption wont make the fee less . since we mention eth , eth gas fee are also expensive too and take note the adoption are not that high but how much more if we are in the future ?

It the status of the Bitcoin network mempool that determine transactions fee not the price of Bitcoin in the market though it some impact the price Bitcoin in the market after theres high traffic.

If theres mass adoption, the price of tx fee is expected to rise but wont rise if protocol like lightning and loop are use and also work perfectly.

The transaction fee for bitcoin will definitely appreciate in the nearest future. Considering the rate in which people are investing and trading using bitcoin and securing their wallet for future transactions. Despite all odds, whether the price of bitcoin rise or fall in the future the transactions rate for bitcoin will still be fair enough to still encourage more investors/traders.

If bitcoin transactions fee becomes high in the future, these action will scare many investors/traders away so with these I think it’s transactions fee would be at equilibrium.

rapidly growing mainstream adoption, and media attention;  many people at large increasingly believe in the phenomenal development of Bitcoin, and want to take part in the crypto world.  and today it was recorded that 1 BTC transaction costs $ 20.  previously 1 BTC transaction was only $ 0.1- $ 0.3.  and of course, in the future it will be more expensive.  why? because the blocksize scalability of the Bitcoin Blockchain is very full by transactions that occur every second.  Finally, there is an increase in each side of the network, so that higher transaction fees are charged to reduce transaction traffic.

It simply you can't ignore the fact that sending it now (at this current heavy network traffic), the fees slightly increase because everyone would like to move our transactions faster to confirmed. It was us who would like to pay such amount because if we can still make it to wait for a few hours why we have to pay for it.

If we are talking about fees in the future, you'll certainly be seeing the same fees and the same scenarios. There is a time that we experience the same where we need to pay a higher fee rate than to normal transactions we do.

Bitcoin's fees will be high as long as the network is congested. A lot of people using Bitcoin will keep prices high for quite some time. In days where Bitcoin's transaction activity is low, fees become relatively cheap. The "fee market" determines what fee you'll pay in BTC when performing a transaction on the Blockchain. If you're uncomfortable with paying high fees, you have three options: pay a lower fee (at a cost of slower processing times), use the Lightning Network, or switch to an alternative cryptocurrency (like Bitcoin Cash).

Regardless of how high fees remain on the Blockchain, Bitcoin will be here to stay. I'd say that Bitcoin's current state allows it to be used more thoroughly as a store of value than digital cash. You'll pay a high fee knowing that your transaction will go through the Blockchain as intended without disruptions or censorship whatsoever. Essentially, you're paying a high fee for a high degree of security. In altcoins, you pay a low fee at a cost of lower security. For different types of purposes in life, will be the cryptocurrency to use for mainstream payments. I wouldn't worry about fees on the Bitcoin blockchain as long as it remains decentralized and censorship-resistant. After all, that's what crypto/Blockchain tech is about. Just my opinion :)

Yes, bitcoin transaction fees will not remain like this forever. It will definitely change some day like Ethereum which transaction fees is too high. Bitcoin fees will go high some day but it will not be too high like other cryptocurrencies.
Many investors are enjoying with the transaction fees that is low right now which many new users are still have interest on bitcoin no matter how the future will go to look like but it will not look like Ethereum which it transaction fees is too high.

It depends upon Bitcoin usage later on. In case I recognize Bitcoin in portion for a £10,000 space name, by then $5 is irrelevant, If I have to pay for some coffee, by then it is unnecessarily, especially as I pay nothing with a Mastercard. That prompts the probability that the recipient pays the backhoe's cost. The digger just eliminates it from £10.000. By then, there is the opportunity of lumping a ton of trades into one convenience, which should reduce the charges.

Another probability is that banks start to run their own personal mining residences, and a short time later, they could give no-charge trades as long as the portions aren't critical.

Whether the fees for bitcoin transactions will be too high in the future will depend on the demand for bitcoin. As the price of Bitcoin increases the exchange sites can increase the amount of fees but it is very difficult to donate in the future. Bitcoin can also naturally be a major force in bringing a large number of people in the world under a modern economic system. Bitcoin can be used as a global payment system by anyone from anywhere at any time which can be a catalyst for virtually a powerful fee for everyone living in the world to benefit from the modern economic system.

In a near future bitcoin will take to a high fees again if the price of bitcoin are in a high price. And not only can do a high transaction fees even do some altcoins like etherium can make that move also so we dont need to if that comes.

Even now the transaction fees of bitcoin are increase a little bit but it is normal for bitcoin to doing that kind of transaction.
And we are so glad that bitcoin are in a price of $15,000 and we can earn more in bitcoin for doing trade or invested.

Exactly. It all depends on what use we'll give to Bitcoin. If we send large amounts of money around the world through Bitcoin, then a high fee won't be much compared to what traditional payment processors charge you (especially when doing a money order through Western Union or MoneyGram). For small payments like buying a cup of coffee or tipping others, a high fee won't prove to be feasible for the decentralized economy. That's where the Lightning Network comes in play. Unfortunately, not many people understand how to use it. The steep learning curve of Bitcoin's Layer-Two scalability solution, greatly undermines its mainstream adoption. Hence, the only choice people have for getting low fees is to either choose an alternative cryptocurrency or simply pay a low fee on the main Bitcoin Blockchain (at a cost of slow transaction confirmation times).

The higher the fees, the more secure Bitcoin will be. Spam transactions will be reduced at a minimum thanks to the fee market. After all, people are the ones who dictate Bitcoin's network fees. It seems that the majority don't care to pay a high fee as long as the transaction is processed fast on the Blockchain. In case fees rise all the way to the moon, the majority can choose to pay a lower fee in order to "regulate" the fee market. That's the beauty of Bitcoin's decentralized design. I wouldn't worry about high fees, as long as Bitcoin remains secure and reliable for cross-border payments. High fees will only encourage Bitcoin to be used as a store of value instead of a digital currency for daily payments. Just my opinion :)

We don't need to wait for the future the transaction fee is already high for others who only send small amount.
Depending on how much we would send because for other the fee is already high or pricey while other see's it cheap because of the amount that they are moving is huge.
But yes I guess that we could see a much more higher fee in the future compare to our current fees right now.

Actually, the matter of fees is relative, depending on our wishes and the demand for global fees. However, if you say how expensive the fee is, until now the movement of bitcoin fees is still at least 0.0002 btc but it will look expensive if the price of bitcoin continues to rise, of course the transaction will also increase market demand, so this is where the fee request process will continue going on, I think this is normal.

Yes, but it will not be too high like Ethereum fees, that is making some investors to join bitcoin investment because the bitcoin fee is too low compared to Ethereum fees. Since bitcoin started pumping in the exchange market, that was causing other cryptocurrencies to reduce in the market, that is making some of the cryptocurrencies investors not too happy base on what they are experiencing in the market for the decrease. Many investors think bitcoin fees will be more high than Ethereum in the future, that is making some investors afraid, that bitcoin fee should not be high like Ethereum.
Bitcoin fees will go to be high in future but it will not be too high like Ethereum that is making some Ethereum customers keep complaining about the fees that is too high for them.

We can't predict how things gonna change in the future. When things go advanced people expect the transaction to be more user friendly and can be used by everyone. For regular needs people have got the fiat access through cards without fee. So, people will expect the same with bitcoin. So I'm sure it'll have reduced fee. With this user can effectively use bitcoin on micropayments.

Bitcoin is way ahead in transactions but nobody can say what proportion the fee are going to be within the future. The exchanges will determine their exact value. you're right that the worth of Fiat currency will increase  within the future, so if both currencies become profitable the quantity of fee will decrease. If the worth of the currency rises and therefore the exchange is higher then the worth of the fee are going to be lower. Then these exchange sites will get tons of recognition for transactions.

Everytime that the price of the bitcoin increasing the fees of also to the bitcoin rise and it is what I've noticed like in 2017 the transaction fees for every send any amount of bitcoin even it's little it's very high.

I do not want to rise the transaction now or even in the future because we can save more money for every transaction we make in the future. But now the fees is low and I hope it will not rise anymore.

I hope that in the future the transaction fees for bitcoin can be lower, maybe at this time it is still too high either on some exchanges or sending via blockchian, it is impossible for everyone to expect higher transaction fees, of course there are many complaints from someone who has a Bitcoin income. the amount is small, of course it benefits the whales who have large amounts of bitcoin, I hope that the transaction fees can be low in the future, so that the small number of bitcoin holders can feel the balance of the transaction ...

I believe transaction fees will be really high since as the price of bitcoin increases the network traffic would increase at the same time too which as a result would make transaction fees more expensive, but on the other side we also got bitcoin lightning network and it all would depend on how good lightning network would do at those times and whether we see any more improvements and advantages providing by lightning network till then, right now lightning network is doing great and there's not much downsides to it but I just wonder how much the huge increase in network traffic will affect bitcoin lightning network efficiency.

At initial, the appetite for everything is low. Everything is in short allowance due to meager demand. Bitcoin didn't seize long to evolve popularly but I guess its transaction fees are relatively low. And now that Bitcoin is at its peak of popularity, its breadth will deliberately heighten. So it strives that its transaction fees will too high in the future.

As the value of the bitcoin increases, so does its transaction fee in conventional currencies. Although bitcoin prices have risen, most exchangers have not reduced their bitcoin withdrawal fees. In many cases, the amount has increased. This has resulted in excessive spending on small amounts of Bitcoin withdrawals which are hampering small amounts of transactions. If this transaction fee exists, the amount of transaction fee will increase significantly if the value of bitcoin increases further in the future.

Exactly. The higher the network load, the higher BTC's fees will be. Considering that Bitcoin is valued against Fiat, this translates into a lot of money depending on how high prices are on the market. That's the way Bitcoin works. High fees may be a bad thing to most people. But if you look at it the other way around, it's a good thing as it demonstrates how secure the network is. Current fees prevent transaction spamming and other attacks that would disrupt the entire Blockchain network. If it weren't because of the high fees, Bitcoin wouldn't have gained its reputation as the most secure cryptocurrency in the world. I'd prefer to pay a high fee knowing that my transaction will go through as intended, than paying a low fee on another coin that's extremely vulnerable to external attacks. Besides, you have the option to pay a lower fee on the Bitcoin blockchain at a cost of slower transaction confirmation times. If that's not enough for you, there's the option of the Lightning Network where fees are ridiculously low and transactions settle instantly. Your last resort would be to use an alternative cryptocurrency with greater transaction capacity than Bitcoin. But be aware about the risks inherent within scalable cryptocurrencies as they often sacrifice security/decentralization/reliability for convenience/ease-of-use.

As long as there's a competitive "fee market" on Bitcoin, there should be nothing to worry about. It's certain that fees won't stay high for a very long time, as people select a lower fee for their transaction to get processed on the Blockchain. Miners will be forced to accept the low fees if the majority of Bitcoin users make such a decision. With active development and innovation surrounding the Bitcoin project, it'll be here to stay for a long, long time. Just my opinion :)

I think transaction fees will increase if the bitcoin price continue growing in upcoming days cause the current demand of bitcoin, indicate to increase the price more. Although there are some wallet which allow you to set low transaction fee but takes lot of time for transactions done.people can use those by their need.although miners never satisfied with transactions fee! hope it will be made lower by the help of upcoming technology

In terms of sats it will be decrease but in the fist value surely there will be a huge rise because the price of bitcoin is expected to increase in the future so the value of the transaction fee also increase if we calculate the actual sats required with the value in the future.

Just like what happened last 2017 wherein bitcoin demand was high. Transaction fees are increasing because of the demand and low of its supply. As we all know that bitcoin was halved in the 1st quarter of 2020. When it will continuously moving up, expect to have a dollar/s fee in your transaction which is really hurting the bitcoin users. If we want to slower down our fees, we will move it to the slowest transation rate per minute. But I think 2 sat/byte seems to be fast today since I had made a quick transaction this day.

You got some point which is actually true. Actual sats value will really vary specially if the price of bitcoin would really go to the rooftop.

Even having that 1sat/byte will really be costly in near future but who knows? No one can predict on what would be the price ahead neither we do see hundreds of thousands
or would just remain into this level.

This had been a common issue with Bitcoin but somehow it is bearable or can be handled out.

Lightning Network is in its growth and fee on Lightning Network will be cheaper. In future, more developments will be considered and developed and they are things will happen. In 2017, fee was very high and the bitcoin network was stucked for weeks. Now, bitcoin climbs to $24,000 and the fee is low. You can open a debate that if bitcoin climbs to $50,000 and thousands of people are hurry up to sell their bitcoins, fee will be higher again. It is true but I have never thought the network and fee will be crazy like what happened in 2017.

I believe LN will be more popular in the coming years as crypto users will find a way how to avoid paying high fees. For sure, there will be options that will be implemented because if high fees will not be resolved, this will be the bottleneck in mass adoption.

True, but not only LN, maybe there are other platform that will help to minimize the fees and bitcoin will be massively adopted still. The transaction fee is really the reason why people is not using bitcoin in the long run, of course who would use bitcoin if you'll have to pay $5 or more per transaction if you are only transacting a minimal amount. In short, bitcoin is no good for micro transactions.

Then bitcoin will not to reach its main function to create which is used to do transaction. I guest this high fee transaction will be on bitcoin for long time enough since LN or other platform which are discused not easy to be massively adopted in near future.

Its been long I have been hearing of LN I believed it high time it Should be fully deployed into Bitcoin transactions, fees had risen up and the numbers of unprocessed transactions in the blockchain is equally high which is synonymous with when the price of bitcoin is high,
The high fee might discouraged institutional adoption if urgent steps is not taken to address this issue once and for all
Let LN be put into use at this point in time when more transactions is needed to be process swiftly thus reducing the numbers of transactions that had queued in the mempool this will decongest the network.

The Lightning Network would be the way to go for Bitcoin to scale towards millions of users around the world. However, the new scaling solution does come with its limitations. The fact that it's complicated to use and experimental, would harm its adoption in the mainstream world. People might as well switch to another cryptocurrency if they find themselves uncomfortable paying high fees on the main Bitcoin blockchain. At least, the decentralized and open source nature of Bitcoin gives people a choice. I think that fees won't stay high forever as the Blockchain improves itself over time. Developers will continue to work on the Bitcoin project in order to make it scalable for the world without harming its decentralization. In my opinion, the Lightning Network is the safest way to scale Bitcoin without compromising the main Blockchain network. If the LN fails, the main chain will continue to operate as usual. Cryptocurrencies with on-chain scalability have a higher risk of becoming exposed to future network disruptions because of their extremely centralized model. A higher block size brings higher storage and bandwidth requirements towards node operators. Not everyone will be able to run a node on blockchain networks with on-chain scalability because of this.

Regardless of how high Bitcoin's fees will be in the future, the Blockchain will survive for a very long time. The pioneer cryptocurrency has become a "force to reckon with" as many developers, companies, businesses, and individuals support it. With a limited supply of 21m coins, Bitcoin will effectively become a store of value like Gold. Paying a high fee to transfer millions of dollars through the Blockchain may not seem to be much compared to traditional payment processors. If you want to use Bitcoin as digital cash for daily payments, then you have no choice but to use the Lightning Network. Just my opinion :)

The higher bitcoin goes the higher the gas fee will grow, yesterday I used 3$ to send 25$ worth of BTC to binance exchange, imagine if Bitcoin grows over 30,000$ in coming year? I just hope there can be some kind of upgrade to BTC blockchain, if not bitcoin won't favour small time investors who don't have much, they'd rather go altcoins instead

I guess if the bitcoin investors increase, they would consider lowering the fee for every transaction. Given that it is evidently seen that fees is directly proportional to the price, let's just hope that it is inversely proportional to the demand. If not, then try considering the use of Lightning Network to minimize the fees, just like what they discussed ^^^.

The increase in Bitcoin transaction fees did occur when the price of Bitcoin was getting more expensive, because the Bitcoin network
was very busy being used. This forces Bitcoin transaction fees to be high, while this is possible by using the Lightning Network as
a solution to reduce transaction fees from Bitcoin. Or to send funds, we can first convert our Bitcoin into altcoins which have transaction
fees that are definitely cheaper.

The transaction fee might increase but there will still be an option where transaction fee can optimize. Its just that it will take a very long time before you receive the payment if you'll spend lower transaction fee. Just like what happened to me last week, it took me four days to be able for me to get the fund. The lower the transaction fee, the slower the confirmation will be. The higher transaction fee, the faster the fund could be transferred.

The transaction fee used to increase depending upon the size and during the time of bullish market we'll get to see a rise in the transaction fee when calculated in terms of USD. The future is all about low fee transaction, because we need real-time usage and adoption. This is possible only through low transaction fee, so surely there arises solution for low transaction fee than a rise.

Let's be realistic, we've always know transaction fees on crypto so we believe that this is normal.
In reality, it is the biggest downside of Bitcoin. We live in a zero-fee world, or at least an almost-zero-fee world.
Some believe in mass adoption, but again, in 2-3 or 5 years, people won't understand why they'll have to pay 5$, 1$ or even 0.1$ to transfer intangible money.

The skyrocket performance of the bitcoin's value todays can affect the fee calculation. Thi higher the value will also be the higher fees need to be pay. It is truly exciting and happy for bitcoin to reach the new milestone or achievement of all time highest of the value but it is also the start of the fees that are definitely aching in UD based. It is also possible in the future to experience the idea of zero fee or less hassle fee if ever it reaches it all time down or its value. The price of the coin, not inly bitcoin will always affects its fee transactions.

I don't see any proper solution about this fee issue.we still have bull run in the market that tying to pump bitcoin frequently.that's why bitcoin could possibly pump in future and high price means high network fee, which still can be seen.although this is not new cause we need to give high transaction fee since Years, if compare with others currency. Converting bitcoin for minimize fee, may solution but won't be a proper way at all

It isnt right to say that due to high price we would see high fees too.It all matters with the network congestion or situation.If we do saw that network is congested
then expect for fees to go that high.

In future, we might see some changes and to think that we do have already that LN which might really be fixed out or finalized soon to solve this
scalability issues.

What matter most now is on the demand.

When the entire volume of bitcoin is mined there won't be anything left behind for mining. By such situation, the earning of the miners will be through the transaction fee. This will be decided by the miners, if there isn't any combined decision then the transaction fees rising is unstoppable.

I see a lot of talk about the "Lightning Network" and how it's gonna be great and help in reducing the transaction fees, and that's all well and good but it has its own problems, and it might feel like backtracking on what makes BTC so  great. The way funds are transferred and then broadcasted to the network makes it quite a bit more centralized. This affects anonymity. Scalability is also a major issue, as there is over reliance on nodes and payment channels. But I did see some research being done in the recent couple of years to mitigate these problems, but nothing that can be implemented instantly has turned out so far, so I'd say its pretty far away for now.

This paper is something that I found to be really interesting and delves into how some of these issues can be solved: A Quantitative Analysis of Security, Anonymity and Scalability for the Lightning Network (https://eprint.iacr.org/2020/303)

With the customary upgrade on the arrange, exchange expense ought to diminish. We involvement things within the inverse better, the improvement higher is the expenses. More the exchange getting troubled higher is the exchange fees. While the utilization keeps checking, naturally more number of exchanges takes put. In specific when same fee is being paid by part of exchange, there's more chance of transaction getting stuck on the network. Likely able to anticipate rise within the exchange expense in coming days.

As the appetite for Bitcoin improvements, so does the fee. However, it will not increase so vastly that it will be beyond the sweep of human beings  :)

Have a look on Bitcoin right now then you will notice the price is high now rather than the last day. Basically the fee will be high then because of it's pump.

It is ordinary basically wallets have charge with small distinction but overall its costly. Depending on on the off chance that the cost of bitcoin within the future is getting more expensive, it is conceivable that the charge will be as well costly since the more appropriation will increment the more network exchange happens additionally cost will high for the request of Bitcoin.However, it too depends on the advertise whether they will decrease the expense for each exchange or on the opposite increment the expense to be more costly.

Yes and this is inevtiable.

Be reminded that the transaction fees are what miners get as a reward from every transaction they process. As the supply of bitcoin eventually gets mined up, the price will significantly increase along with the transaction fees but the price may also differ depending on the supply. Just think that when all of the bitcoins are mined, what will be the main source of income of miners? They will now depend on these transaction fees and that will be their main focus.

Bitcoins fees now are already increase, that is why I convert my coin first before I will send it to my wallet, it is expensive and it takes too long before I will receive the money, and yes it is normal it happens every year when Q4 starts and it started to pump fees get higher and the network become congested. In the future it will become more higher in fees and in order for us to get it fast we will need to use a larger amount, we should be aware and get used to it.

I believe transaction fee issues will be solved because its one of the long lasting problems in this space. Meanwhile we might not see the days of very low fees again but the charges won't be too much to afford like it happens sometimes.

If the block size remains the same and if the exchange rates continue to rise, then obviously the transaction fee would be higher. Another factor is the number of users. The userbase is also increasing with every passing month, and that means more number of transactions. So unless there is some radical solution such as increasing the block size, the transaction fee can jump to unsustainable levels in the future. Cosmetic changes such as lightning has failed to resolve this issue till now.

I also that the same.once i used to transaction bitcoin address to address for free through coinbase, price was around $300 then.Afterward it start charge fee after some increasement.i still remember it start charging $5/$6 fee during 2017, ath. Now bitcoin price is high, transactions rate are increasing.so fee also increasing. btc pump more for future, then ransaction fee of bitcoin will increase more than today.

We are really longing for that Lightning to be finalized and would really have that full diversion with that.Even though how bullish we are or having
positive inputs or impressions towards bitcoin but we cant really remove that problem in blocksize.Take a look for the current situation were in,

Low priority
129 sat/vB ($8.46)
   
Medium priority
136 sat/vB ($8.91)
   
High priority
143 sat/vB ($9.37)

This thing isnt something nor look appealing on any angle.

Good point. It makes sense for the network to rise in fees, in order to sustain miners' operations. After all, miners will earn solely from fees on the Bitcoin blockchain once the max supply is reached. By the time fees are ridiculously expensive, it's expected that the Lightning Network would dominate most of Bitcoin's transaction activity. Those willing to use Bitcoin as digital cash for daily payments will be force to use the Lightning Network, while those willing to use it as a store of value will have no choice but to perform transactions on-chain for maximum security. It's the way Bitcoin is heading to, and there's nothing we can do to stop it (unless developers raise the block size to solve the high fee issue).

Nonetheless, there's no need to worry about ever-rising fees on the Bitcoin blockchain. As I've said before, people have the option of using the Lightning Network for cheap, instant payments. If that's not enough, there's a plethora of altcoins to choose from with ample network capacity for everyone. Coins like Bitcoin Cash, Litecoin, and Dogecoin have ridiculously low fees making them practical for day-to-day transactions. What matters is that Bitcoin remains decentralized and censorship-resistant in order to stand the test of time. High fees tells us that Bitcoin is doing well in this regard. As long as it stays decentralized, nothing else matters. Just my thoughts ;D